700 Beville RdDaytona Beach, FL 32114

Property Details for 700 Beville Rd

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.41 AC

Property size (Sq ft)

8,300 SF

Zone code

R1B

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

5340-05-18-0040

APU

534005180040

Description

This exceptional 8,300 square foot storefront, formerly an assisted living facility, presents a unique redevelopment opportunity in Daytona Beach, Florida. Located on Beville Road, a high-traffic corridor boasting over 34,000 vehicles daily, this property benefits from its proximity to major retailers like Key Foods, Planet Fitness, Aldi, and Family Dollar. The strong retail environment is complemented by a high barrier to entry market, ensuring long-term investment potential. The property's strategic location is further enhanced by its proximity to Daytona State College (within 3 miles, with over 11,000 students), a robust demographic base (over 71,000 people within a 3-mile radius and over 5,000 households within 1 mile), and the significant tourism draw of Daytona International Speedway and NASCAR headquarters (over 10 million annual visitors). Adding to its appeal, the property sits adjacent to the Daytona Beach Golf & Country Club, a prominent 36-hole golf course. The 0.99-acre lot offers ample space for redevelopment, making this a compelling investment opportunity priced at $1,499,000 ($180.60/sq ft). The property is currently 100% occupied. This prime location and strong surrounding demographics make this an ideal owner/user investment. The high visibility and substantial traffic volume on Beville Road ensure excellent exposure for any future business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,704,128

  6.5%

  $1,573,041

  7%

  $1,460,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,409,289

  Geo Method

  $1,065,508

• Alternative Use

  Use

  Valuation

  Residential

  $1,995,468

  Hospitality

  $1,827,838

  Educational

  $1,520,740

  Medical

  $1,573,041

  Retail

  $2,365,596

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1798

Longitude

-81.0185

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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